U.S. concentration of wealth
Charles Brown
CharlesB at CNCL.ci.detroit.mi.us
Mon Nov 6 08:50:28 PST 2000
A new Federal
Reserve Board study (Oct 25, 2000) of the growing
concentration of wealth in the United States is at
<http://www.federalreserve.gov/pubs/oss/oss2/method.html>
The top 1% now own 34% of total national wealth, up from
30% in 1992. The top 1% now own more than bottom 90%.
This study is the basis for an article in the November
6, 2000, American Prospect magazine, "A Better Kind of
Wealth Tax."
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